NASDAQ Forecast October 28, 2014, Technical Analysis

The NASDAQ initially fell during the day on Monday, but found enough support below to turn things back around and form a very positive looking candle. We believe that this market should continue to go higher, and eventually head to the 4600 level. The market should be a “buy on the dips” type of situation, as the NASDAQ continues to climb higher and higher. We believe that United States stocks will continue to go higher, so therefore we have no interest in selling any of the US indices, and believe that the NASDAQ of course will be no different.